Globe Metals Stock Forecast - Polynomial Regression

Globe Metals polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Globe Metals Mining as well as the accuracy indicators are determined from the period prices.

Globe Metals Polynomial Regression Price Forecast For the 13th of December 2024

Given 90 days horizon, the Polynomial Regression forecasted value of Globe Metals Mining on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000697, and the sum of the absolute errors of 0.14.

Globe Metals Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Globe Metals stock data series using in forecasting. Note that when a statistical model is used to represent Globe Metals stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. A single variable polynomial regression model attempts to put a curve through the Globe Metals historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for Globe Metals

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globe Metals Mining. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 0.00 0.04 4.66 Details

Intrinsic Valuation Low Real High 0.00 0.04 4.66 Details

Bollinger Band Projection (param) Low Middle High 0.04 0.04 0.05 Details

Earnings Estimates (0) Low Projected EPS High 0.00 0.00 0.00 Details

Other Forecasting Options for Globe Metals

For every potential investor in Globe, whether a beginner or expert, Globe Metals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Globe Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Globe. Basic forecasting techniques help filter out the noise by identifying Globe Metals' price trends.

Globe Metals Related Equities

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Correlation

Globe Metals Mining Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Globe Metals' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Globe Metals' current price.

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